Ex-Goldman Sachs FX Executive Joins Blockchain Investment Firm

Finance Magnates realized on Monday that Marco Lim, a former Goldman Sachs government, has joined MaiCapital – a blockchain-focused asset administration agency based mostly in Hong Kong – as a Managing Partner.

According to Benedict Ho, a Co-Founder and Managing Partner at MaiCapital, Lim will likely be focusing his efforts on rising the asset supervisor’s enterprise by gross sales and advertising and marketing efforts.

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“Marco will focus totally on advertising and marketing and establishing strategic partnerships for MaiCapital and its group firms,” mentioned Ho “His long-standing funding banking relationships and market expertise ought to bolster MaiCapital’ main place within the digital asset administration area.”

Prior to becoming a member of the asset supervisor, Lim spent nearly seven years with Goldman Sachs. An Executive Director, he was answerable for driving the funding financial institution’s digital fastened revenue, forex and commodities enterprise.

From FXCM to Goldman Sachs

Just working at Goldman Sachs for over 5 years would offer anybody with severe expertise that may very well be carried ahead to a different firm. But earlier than working for Goldman Sachs, Lim additionally labored as a senior government in Credit Suisse’s international alternate (FX) division.

Some of our readers might also be aware of Lim from his time working within the retail buying and selling business. In the mid-2000s, alongside a brief stint with Deutsche Bank, he spent three years in FXCM’s institutional gross sales division and a yr in Oanda’s FX gross sales crew.

Lim joins MaiCapital at an fascinating time. The agency is focusing its efforts on investing within the burgeoning blockchain business and cryptocurrency market.

Of course, as our readers will likely be properly conscious, the cryptocurrency market has tanked prior to now three months. Though the market has largely stabalised since crashing final November, buying and selling volumes are considerably decrease than they have been 12 months in the past.

With retail traders turning away from cryptocurrency buying and selling, many exchanges are trying to exchange them by attracting institutional traders who, versus retail merchants, can place a smaller variety of massive quantity trades.

David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .